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Consultations & legislation
22 September 2008
This consultation document sets out how the Government and the Financial Services Authority (FSA) propose to implement the Directive using an effective, proportionate, and risk-based approach. It explains where the Government has flexibility in implementation and presents the options available. In particular, it includes a discussion of the following issues:
It also sets out how the Government plans to take forward proposals relating to business not covered by EC Directives, which were first raised in the March 2006 consultation “Reducing reporting requirements: A consultation on reform of the ‘controllers regime’ in Part XII of the Financial Services and Markets Act 2000”.
In addition, it sets out proposals to improve the usability of the enforcement powers available to the FSA.
This consultation also describes the amendments the FSA proposes to make to its Handbook to implement these changes. This joint approach will give respondents a full picture of the proposed new regime.
This consultation is open from 22 September 2008 to 12 December 2008.
The document is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website . For alternative ways to read PDF documents and further information on website accessibility visit theHM Treasury accessibility page.
